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You decide to sell short 2 0 0 shares of Charlotte Horse Farms when it is selling at its yearly high of $ 6 1
You decide to sell short shares of Charlotte Horse Farms when it is selling at its yearly high of $ Your broker tells you that your margin requirement is percent and that the commission on the purchase is $ While you are short the stock, Charlotte pays a $ per share dividend. At the end of one year, you buy shares of Charlotte at $ to close out your position and are charged a commission of $ and percent interest on the money borrowed. What is your rate of return on the investment, in percentage format, rounded to the nearest hundredth?
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